The English word 'Bank' came from the Italian word 'Bancab / Monte', French word ' Banque' & Garman word 'Banke' those mean bench or long tool or money transactions table.
BANK
The organization which is engaged into money transaction, is called bank.
According to
F.E. Perry -- " Bank is establishment which deals in money, receiving it on deposit."
Peter Rose -- "Bank is a financial inter intermediary accepting deposits & granting loans."
The Oxford English Dictionary -- "Bank is the shop, office or place of business of money dealer."
R.S. Sayers-- "Banks are institutions whose debts are commonly accepted in final settlement of other peoples debts."
Prof. Chambers -- "A bank is an office or institution for keeping, lending & exchanging etc. of money."
At last it is said any financial institutions which concerns to collect or deposit money and transactions , give loans , investment through various system for gaining profit, are known as bank.
BANKING
is the business of banker (any person carrying on the business of banking), the keeping or management of a bank. More over banking is combination and accumulation of all the activities performed effectively & efficiently by the banker.
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